Post - Budget Quote - Lakshmideepa, Director, Yeldi Softcom

February 29 2016,  18.14 PM IST || Pocket News Alert

Reaction to Union Budget 2016 by  Ms. Lakshmideepa A, Director, Yeldi Softcom Pvt. Ltd, a NFC based -technology company, based out of Chennai that was started in 2008.

“The 3 year tax holiday on all direct and indirect taxes applicable to start-up companies is a welcome move, as it will encourage the new set of entrepreneurs.  For FinTech Company like ours, reforms targeted towards cashless economy in the form of relaxation of tax in transactions will endorse the concept of digital payments, in our cash sensitive country, in the near future. Additionally, lowering the corporate tax of companies with a turnover of less than Rs. 5 Crores will help in promoting the industrial activity resulting in generating more job opportunities.”

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